, Columnist
Sheldon Adelson's Business Will Cope Without Him
The key risks hanging over his casino empire haven’t changed all that much, and there’s still substantial value for investors.
Shares are unsentimental.
Photographer: Kiyoshi Ota/BloombergThis article is for subscribers only.
Casino businesses are often seen as being inseparable from their larger-than-life mogul bosses. If that’s the case, shares in Sands China Ltd. are looking remarkably unsentimental about the death of its founder.
Hong Kong-traded shares in Macau's largest gambling company rose 0.79% Wednesday. That echoed the performance of the U.S. parent company Las Vegas Sands Corp., whose stock initially rose about 1.5% on news of Chairman and Chief Executive Officer Sheldon Adelson’s death, before settling to end up 0.4%.